Microsoft closes on $16 billion acquisition of Nuance – ET HealthWorld

New York: Microsoft His speech recognition closed on the company’s nearly $ 16 billion acquisition Nuance.

The deal, announced last year, will help Microsoft gain more access to hospitals Health care industry By Nuance’s widely used medical dictation and transcription tools.

Nuance Communications Inc. It has been at the forefront of voice-based artificial intelligence technology and has been instrumental in helping power Apple’s digital assistant, Siri. The Burlington, Massachusetts-based company has since turned its attention to healthcare.

“This powerful combination will help providers provide more affordable, effective and accessible healthcare and help organizations in each industry create more personalized and meaningful customer experiences,” said Scott Guthrie, executive vice president of Cloud + AI Group at Microsoft, in a statement. On friday.

The transaction has been scrutinized by British antitrust regulators, who began investigating the deal in December over concerns that it could “significantly reduce competition” in the UK market.

Microsoft continued to buy this year, announcing in January that it would spend $ 70 billion to acquire video game maker Activision Blizzard.

Mark Benjamin will continue to serve as CEO of Nuance, Burlington, Massachusetts and will report to Guthrie.

Shares of Microsoft, based in Redmond, Washington, fell slightly amid a broad market sell-off on Friday.


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